Japan posts eighth straight current account surplus at end of February
Japan’s current account surplus more than doubled year- on- year in February, with lower oil prices helping narrow trade deficits and a weaker yen boosting repatriated returns on foreign investment, official data showed Wednesday.
Japan logged a surplus of 1.44 trillion yen (US$12 billion), up 140.5 percent from a year earlier, the finance ministry said, as the nation posted a surplus for the eighth straight month.
The current account is the broadest measure of the country’s trade with the rest of the world, measuring not only trade in goods but also services, tourism and returns on foreign investment.
In February, Japan’s deficit in merchandise trade shrank by 75.0 percent